HTGF et al. plug into Chargepartner

HTGF has acted as lead investor in the transaction, while Mittelständische Beteiligungsgesellschaft Baden-Württemberg (MBG BW) is managing the Seedfonds BW.

Seedfonds BW invests in Baden-Württemberg-based technology companies. Its investors are Baden-Württemberg's Ministry of Finance and Economic Affairs, the L-Bank, LBBW Venture Capital and MBG BW.

MBG BW invests from €25,000 up to €2.5m into small and medium-sized businesses and received backing from the Bürgschaftsbank Baden-Württemberg, the Baden-Württemberg state and the German government.

InnoWerft is a technology centre that invests in high-tech and software start-ups. It is an HTGF partner.

Venture capital has been seeing the appeal of electric vehicle charging points across Europe in recent months. In the UK, Beringea injected £3m into Chargemaster in July. And last month, Gilde Equity Management backed EV Box, a Dutch producer of charging stations that hopes to break into the Asian and US markets.

Company
Headquartered in Walldorf, Chargepartner provides charging infrastructure for electric vehicles. It has developed a modular service for business customers, allowing businesses to purchase from a single charging point upwards.

Chargepartner is independent of car manufacturers, energy suppliers and charging station manufacturers and offers an international roaming capability.

People
Frank Thurecht is CEO of Chargepartner. Hans-Heinrich Siemers is a managing director at InnoWerft. Josef Walek is an investment manager at MBG BW.

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• Topics
• DACH
• Expansion
• Industrials
• Germany
• High-Tech Gründerfonds